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Insurance Recoveries On Impairment And Related Losses Due To Earthquake (Schedule Of Net Impact In Current Earnings) (Details)
$ in Thousands
12 Months Ended 24 Months Ended
Dec. 31, 2017
NZD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
NZD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2017
USD ($)
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation $ 36,034   $ 36,034    
Total expected incurred losses, November 30, 2016     22,746    
Less: Casualty Losses recorded in 2016 Earnings     $ (2,019) [1] $ (1,421,000)  
Recoverable Assets, December 31, 2016 [2]       $ 20,727,000  
Add: Upward changes in estimates and others   $ 458,000      
Net recoverable balances charged against proceeds   21,185,000      
Casualty gain, recorded in 2017 Earnings 14,849 10,740,000      
Net Casualty gain for 2016 and 2017 Earnings         $ 9,319,000
Deductible from casualty loss     5.00% 5.00%  
Gain on insurance recoveries 12,700 9,217,000   $ (1,421,000) [3]  
Non-Operating Income [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation     $ 33,817    
Total expected incurred losses, November 30, 2016     22,746    
Less: Casualty Losses recorded in 2016 Earnings     (2,019) [1] (1,421,000)  
Recoverable Assets, December 31, 2016 [2]       20,727,000  
Add: Upward changes in estimates and others   347,000      
Net recoverable balances charged against proceeds   21,074,000      
Casualty gain, recorded in 2017 Earnings 12,743 9,217,000      
Net Casualty gain for 2016 and 2017 Earnings         7,796,000
Property Damage [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation 29,093        
Property Damage [Member] | Non-Operating Income [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation [4]     29,093    
Total expected incurred losses, November 30, 2016 [4]     14,246    
Less: Casualty Losses recorded in 2016 Earnings [4]     (795) [1] (560,000)  
Recoverable Assets, December 31, 2016 [2],[4]       13,451,000  
Add: Upward changes in estimates and others [4]   347,000      
Net recoverable balances charged against proceeds [4]   13,798,000      
Casualty gain, recorded in 2017 Earnings [4] 15,295 11,063,000      
Net Casualty gain for 2016 and 2017 Earnings [4]         10,503,000
Demolition Costs [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation 4,724        
Casualty loss considered as income     1,200 862,000  
Demolition Costs [Member] | Non-Operating Income [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation [4]     4,724    
Total expected incurred losses, November 30, 2016 [4]     8,500    
Less: Casualty Losses recorded in 2016 Earnings [4]     (1,224) [1] (861,000)  
Recoverable Assets, December 31, 2016 [2],[4]       $ 7,276,000  
Net recoverable balances charged against proceeds [4]   7,276,000      
Casualty gain, recorded in 2017 Earnings [4] (2,552) (1,846,000)      
Net Casualty gain for 2016 and 2017 Earnings [4]         (2,707,000)
Business Interruption [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation 2,217        
Business Interruption [Member] | Operating Income [Member]          
Insurance Recoveries [Line Items]          
Insurance Proceed Allocation [5]     $ 2,217    
Add: Upward changes in estimates and others [5]   111,000      
Net recoverable balances charged against proceeds [5]   111,000      
Casualty gain, recorded in 2017 Earnings [5] $ 2,106 $ 1,523,000      
Net Casualty gain for 2016 and 2017 Earnings [5]         $ 1,523,000
[1] The casualty losses recorded in 2016 as a separate line in our Consolidated Statement of Operations is made up the following: (i) 5% deductible of $795,000 (NZ$560,000) calculated based on the estimated value of the insured damaged parking structure for insurance purposes, and (ii) $862,000 (NZ$1.2 million) of total estimated demolition costs was preliminarily assessed as expenses not reimbursable under our insurance policy and hence, we recorded in profit and loss.
[2] The recoverable asset of $9.5 million (NZ$13.6 million), net of advance payment of $5.0 million (NZ$7.1 million), as of December 31, 2016 was presented as part of "Other non-current assets" as the timing of the insurance claim receipt was not fixed nor reliably determinable as of the time of our initial assessment.
[3] Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[4] The net impact to 2017 earnings of $9.2 million (NZ$12.7 million) is recorded as "Casualty gain" in our Consolidated Statement of Operations.
[5] The impact to 2017 operating earnings of $1.5 million (NZ$2.1 million) is recorded as part of the applicable segment revenues in our Consolidated Statement of Operations.